According to BlockBeats, on August 19, Chicago Federal Reserve President Austan Goolsbee stated in an interview that U.S. credit conditions are tightening and continue to do so. While it remains uncertain whether the Federal Reserve will cut interest rates next month as widely expected by the market, Goolsbee warned that failing to do so could harm the job market. He noted, 'When you set interest rates as high as they are now and maintain them at that level while inflation is falling, it is effectively tightening policy.' Despite some positive economic data, there are also concerning aspects. Goolsbee emphasized that maintaining overly tight monetary policy for too long could jeopardize the Federal Reserve's mission regarding employment.